Reported 1 day ago
In a stock market often characterized by highs, it's prudent to prepare for potential bear markets, which occur approximately every decade. One standout option is Altria Group (NYSE: MO), offering an appealing 8% yield supported by its history of dividend increases, stemming from strong pricing power despite declining cigarette sales. Although growth may be modest, Altria's strategy to pivot customers to vaping and nicotine products could sustain its revenue amid changing consumer trends, making it a solid choice for a conservative portfolio.
Source: YAHOO